Senior Advisor / 407.982.3976 / [email protected]ALI MUSHT ALI MUSHTAQ All Sperry Van Ness® Offices Independently Owned & Operated. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. svnflorida. vnflorida.com om PROPER PROPERTY O Y OVER VERVIEW VIEW This is an opportunity to purchase a Brand New absolute NNN ground lease with Wawa, Inc. on a Forward commitment from the local developer. The corporate guaranteed lease is 20 years in term and has six 5 year renewal options. There are 5% increases in rent every 5 years. The offering includes the 100% fee simple interest in the underlying land. The lease calls for zero landlord obligations. The asset is well situated on major retail corridor surrounded by major retailers including McDonald’s, Outback Steakhouse and Cracker Barrel, and down the street from the Seminole Towne Center, a large retail shopping center. PROPER PROPERTY HIGHLIGHTS Y HIGHLIGHTS • Tenant: Wawa Florida, LLC • Guarantor Wawa, Inc. • Orig. Lease Term 20 Years • Remaining Term+/- Approx. 20 Years • Rent Commencement Start 270 Days Aſter Landlord Delivery • Renewal Options Six (6), Five (5) Year Options • Lease Type: NNN • Rent Escalations 5%, Every 5 Years • Expenses: Tenant is responsible for real estate taxes, insurance, utilities, repair and maintenance of the property, and capital expenditures. FOR SALE | STNL INVESTMENT SR 46 | Sanford, FL 32771 WAWA GAS STATION | FORWARD COMMITMENT | 20-YEAR NNN | CORPORATE GROUND LEASE PROPER PROPERTY SUMMAR Y SUMMARY SALE PRICE: $4,400,000 BUILDING SIZE: 6,119 SF YEAR BUILT: 2016 ZONING: Commercial MARKET: Orlando SUB MARKET: Sanford-Lake Mary CROSS STREETS: SR 46 & Hickman Rd
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All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
ssvnflorida.vnflorida.ccomom
PROPERPROPERTTY OY OVERVERVIEWVIEW
This is an opportunity to purchase a Brand New absolute NNN ground lease with Wawa, Inc. on aForward commitment from the local developer. The corporate guaranteed lease is 20 years in term andhas six 5 year renewal options. There are 5% increases in rent every 5 years. The offering includes the100% fee simple interest in the underlying land. The lease calls for zero landlord obligations. The asset iswell situated on major retail corridor surrounded by major retailers including McDonald’s, OutbackSteakhouse and Cracker Barrel, and down the street from the Seminole Towne Center, a large retailshopping center.
PROPERPROPERTTY HIGHLIGHTSY HIGHLIGHTS
• Tenant: Wawa Florida, LLC
• Guarantor Wawa, Inc.
• Orig. Lease Term 20 Years
• Remaining Term+/- Approx. 20 Years
• Rent Commencement Start 270 Days After Landlord Delivery
• Renewal Options Six (6), Five (5) Year Options
• Lease Type: NNN
• Rent Escalations 5%, Every 5 Years
• Expenses: Tenant is responsible for real estate taxes, insurance, utilities,
repair and maintenance of the property, and capital expenditures.
FOR SALE | STNL INVESTMENT
SR 46 | Sanford, FL 32771
WAWA GAS STATION | FORWARD COMMITMENT | 20-YEAR NNN | CORPORATE GROUND LEASE
All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
ssvnflorida.vnflorida.ccomom
FOR SALE | STNL INVESTMENT
SR 46 | Sanford, FL 32771
WAWA GAS STATION | FORWARD COMMITMENT | 20-YEAR NNN | CORPORATE GROUND LEASE
All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
ssvnflorida.vnflorida.ccomom
FOR SALE | STNL INVESTMENT
SR 46 | Sanford, FL 32771
WAWA GAS STATION | FORWARD COMMITMENT | 20-YEAR NNN | CORPORATE GROUND LEASE
All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
ssvnflorida.vnflorida.ccomom
FOR SALE | STNL INVESTMENT
SR 46 | Sanford, FL 32771
WAWA GAS STATION | FORWARD COMMITMENT | 20-YEAR NNN | CORPORATE GROUND LEASE
PROPERPROPERTTY HIGHLIGHTSY HIGHLIGHTS
• Tenant: Wawa Florida, LLC
• Guarantor Wawa, Inc.
• Orig. Lease Term: 20 Years
• Remaining Term+/- Full 20 Years
• Rent Commencement Starts 270 Days After LandlordDelivery
• Lease Expiration 10/8/2035
• Renewal Options Six (6), Five (5) Year Options
• Lease Type: NNN
• Rent Escalations 5%, Every 5 Years
• Expenses: Tenant is responsible for real estate taxes,insurance, utilities, repair and maintenance of the property,and capital expenditures.
All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
ssvnflorida.vnflorida.ccomom
FOR SALE | STNL INVESTMENT
SR 46 | Sanford, FL 32771
WAWA GAS STATION | FORWARD COMMITMENT | 20-YEAR NNN | CORPORATE GROUND LEASE
All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
ssvnflorida.vnflorida.ccomom
PROPERPROPERTTYY NAME:NAME: Wawa Gas Station | ForwardCommitment | 20-Year NNN |Corporate Ground Lease
PROPERPROPERTTY ADDRESS:Y ADDRESS: SR 46Sanford, FL 32771
PROPERPROPERTTY TY TYPE:YPE: STNL Investment
APN:APN: TBD
GROSSGROSS LEALEASSABLEABLE AREA:AREA: SF
BUILDING CLABUILDING CLASS:SS:
ZZONING:ONING: Commercial
YEAR BUILYEAR BUILTT:: 2016
NUMBER OF SNUMBER OF STTORIES:ORIES: 1
FFOUNDOUNDAATION:TION:
WWALLS:ALLS:
ROOFROOF::
FOR SALE | STNL INVESTMENT
SR 46 | Sanford, FL 32771
WAWA GAS STATION | FORWARD COMMITMENT | 20-YEAR NNN | CORPORATE GROUND LEASE
All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
ssvnflorida.vnflorida.ccomom
FOR SALE | STNL INVESTMENT
SR 46 | Sanford, FL 32771
WAWA GAS STATION | FORWARD COMMITMENT | 20-YEAR NNN | CORPORATE GROUND LEASE
All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
ssvnflorida.vnflorida.ccomom
FOR SALE | STNL INVESTMENT
SR 46 | Sanford, FL 32771
WAWA GAS STATION | FORWARD COMMITMENT | 20-YEAR NNN | CORPORATE GROUND LEASE
FOR SALE | STNL INVESTMENT
SR 46 | Sanford, FL 32771
WAWA GAS STATION | FORWARD COMMITMENT | 20-YEAR NNN | CORPORATE GROUND LEASE
All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
ssvnflorida.vnflorida.ccomom
Ali MushtaqSenior AdvisorSperry Van Ness Florida Commercial Real Estate Advisors
SVN is now Top #6 most recognized brand in Commercial Real Estate.Ali Mushtaq serves as Senior Advisor for Sperry Van Ness specializing in the Sale & Development of Retail,Commercial, Residential, Mixed Use Land in (Orlando MSA) With 13 years of experience.
Prior to joining Sperry Van Ness, Ali served as Commercial Associate for a national commercial real estatecompany, where he worked with several major Developers, Builders seeking Land for Acquisition &Development. Previously he served as 2013 Vice President of Finance for CFCAR and served as 2014 VP ofOperations for CFCAR. Ali currently serves in CFCAR's Commercial Professional Committee. Ali’s transactioninclude many Multi Million Dollar Transactions including the sale $5,272,000 of Town & Country RV Resortlocated in Sanford, Florida. He has several Multi Million Dollars contracts in pending status for 2015, 2016.
His knowledge in business & commercial real estate combined with his performance in commercial financeallows his clients a one stop shop, in which why he has earned so much respect from numerous clients.
Active in the commercial real estate industry, Ali is a member of ICSC, CFCAR & Florida CCIM Chapter.